Value Holdings Management CO. LLC Has $61.17 Million Position in Wabtec $WAB

Key Points

• Value Holdings Management reduced its Wabtec stake by 1.7% in the second quarter, selling 4,000 shares, but still held 226,902 shares valued at approximately $61.17 million.
• Analyst sentiment remains positive, with 10 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $313.36. Wabtec also exceeded quarterly earnings and revenue estimates, reporting $2.76 in EPS and $3.18 billion in revenue.
• Wabtec shares opened at $292.62, near their 52-week high, while the company announced a quarterly dividend of $0.31 per share, representing a 0.4% yield. Insiders have sold 17,786 shares worth about $5.16 million over the past 90 days.

Value Holdings Management CO. LLC decreased its stake in shares of Wabtec (NYSE:WAB - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,902 shares of the transportation company's stock after selling 4,000 shares during the period. Wabtec accounts for approximately 10.2% of Value Holdings Management CO. LLC's holdings, making the stock its 2nd biggest holding. Value Holdings Management CO. LLC owned about 0.13% of Wabtec worth $61,173,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. lifted its holdings in Wabtec by 5.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company's stock worth $18,247,000 after buying an additional 4,266 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Wabtec by 24,274.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company's stock valued at $69,144,000 after buying an additional 322,607 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Wabtec by 16.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company's stock worth $197,446,000 after acquiring an additional 132,091 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Wabtec during the fourth quarter worth $2,134,000. Finally, Pinnbrook Capital Management LP acquired a new position in shares of Wabtec during the fourth quarter valued at $7,743,000. Institutional investors own 91.69% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WAB shares. JPMorgan Chase & Co. raised their price target on Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. Morgan Stanley raised their target price on shares of Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Wabtec in a research note on Friday, July 17th. Stephens increased their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Citigroup raised their price objective on shares of Wabtec from $311.00 to $341.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $313.36.

Wabtec Stock Performance

WAB stock opened at $292.62 on Friday. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The firm has a market cap of $49.43 billion, a PE ratio of 39.33, a P/E/G ratio of 1.98 and a beta of 0.93. The business's 50-day moving average price is $279.54 and its two-hundred day moving average price is $264.56.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, research analysts forecast that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec's dividend payout ratio (DPR) is 16.67%.

Insider Activity

In other news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total transaction of $347,783.52. Following the completion of the sale, the chief executive officer owned 120,588 shares of the company's stock, valued at $36,060,635.52. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of the firm's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the sale, the chief technology officer owned 19,153 shares in the company, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 17,786 shares of company stock worth $5,160,577. Corporate insiders own 0.57% of the company's stock.

Wabtec Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source